DAX fell more than 1%
On Thursday, DAX fell 1.2% and traded near the 18165 level, the first low in over a month.
Infineon (-6.5%), Siemens Energy (-3.2%), Deutsche Bank (-3.2%), etc. dropped drastically.
The automobile sector was also under pressure because financial results between Stellantis and Renault were disappointing.
VW, Porsche AG, and BMW all fell 2.2%.
On the data side, Germany's Ifo Business Confidence Index unexpectedly declined as pessimistic views on the German economy intensified.
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